PhD Scholarship in Intellectual Property Valuation

Catholic University of Leuven Department of Accounting, Finance and Insurance


The Department of Accounting, Finance and Insurance offers a dynamic, stimulating and pleasant working environment. Moreover, AFI enjoys a strong international reputation and is part of a wide network consisting of other universities, companies and institutions.


Corporate success is to a large extent based on innovation, and as a result so is our economy’s. To both stimulate and protect inventions patents are issued which exclude others from making, using, selling or importing an invention for a limited period of time. Patents are intellectual property (IP) that need to be valued for accounting, tax, litigation and contracting purposes. However, valuing patents is often quite complex and it requires a mixture of expertise including input from accountants, lawyers and engineers. In this project we aim to significantly enhance the explanatory power of patent valuation models by studying both the value relevance of intrinsic as well as extrinsic patent value drivers. In particular, our objectives are 1) to investigate intrinsic value drivers of individual patents using market data (patent prices); 2) to execute an in-depth study of the effect of claim characteristics on patent prices; 3) to study the effects of market conditions on patent valuation; 4) to examine intrinsic value drivers of the accounting valuation of patent portfolios (at firm level); 5) to investigate whether such accounting valuations of patent portfolios are informative of the (underlying) economic value of the patent portfolio and finally, 6) whether characteristics of the external verification of the accounting valuation of patent portfolios affects its information value. Upon realization of the project we also aim at developing a patent valuation model that is useful for patent valuation practice.


The candidate should have a profound interest in doing research, be highly creative and have a master degree with distinction or higher in Business economics, Economics, ERB (Economie, recht en bedrijfskunde) or related area.

Excellent English language skills are also a must.

KU Leuven PhD graduates typically have positions in excellent academic institutions as well as international/consulting firms and government organizations.

The candidate will be part of a research team, so good interpersonal skills are an extra asset. 


We offer an employment as full-time PhD researcher for 1 year, renewable till 4 years after positive evaluation.

Start date September 1, 2020 or to be negotiated.


For more information please contact Prof. dr. Marleen Willekens, tel.: +32 16 32 69 32, mail:

You can apply for this job no later than May 15, 2020 via the
KU Leuven seeks to foster an environment where all talents can flourish, regardless of gender, age, cultural background, nationality or impairments. If you have any questions relating to accessibility or support, please contact us at
  • Employment percentage: Voltijds
  • Location: Leuven
  • Apply before: May 15, 2020
  • Tags: Bedrijfswetenschappen

In your application, please refer to


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